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Plaid Leases 45300 Square Feet Office Space At 530 Broadway New York City From Michael Shvo

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LEASED

New York

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Office45,300 SF
Leased 03/24/2025
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Property Image
LEASED

Plaid Leases 45300 Square Feet Office Space At 530 Broadway New York City From Michael Shvo

530 Broadway

See Similar Deals
Office45,300 SF
Leased 03/24/2025
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:45,300 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 530 Broadway in New York City, encompassing a total size of 45,300 square feet.

Summary of transaction details:

This lease transaction features notable representatives including Howard Hersch from JLL and Jennifer Schreiber from Newmark, who played key roles in the negotiation process for the tenant, Plaid, and the landlord, Michael Shvo from SHVO.

Players

Howard Hersch
23 deals(917) 969-5905
BROKER


Michael Shvo
17 deals$3.1B volume
LANDLORD

Details

LEASED
IMAGE: Howard Hersch, Michael Shvo, Zach Perret & Jennifer Schreiber DATE: 03/24/2025 ADDRESS: 530 Broadway MARKET: Soho ASSET TYPE: Office ~ SF: 45,300 LANDLORD: Michael Shvo (@MichaelShvo) - SHVO (@Shvo) TENANT: Zach Perret - Plaid (@Plaid) BROKERS: Howard Hersch (@HsHerschgmailcom) & Jennifer Schreiber - Newmark (@Newmark) NOTE: Plaid has signed a lease for 45,300 square feet at 530 Broadway, moving from the Puck Building to expand its NYC offices.

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Deal Type
Effective Rent (Annual)

$2,596,568.66

Total Lease Value

$25,965,686.64

Net Landlord Cash Flow$2,596,568.66